To authorize to be appropriated to the Secretary of Housing and Urban Affairs, $1,500,000,000 to carry out the HOME Investment Partnership Program, and for other purposes.

This bill authorizes $1.5 billion annually from 2024 to 2028 for the HOME Investment Partnership Program, which funds affordable housing initiatives by state and local governments. It also allocates an additional $500 million annually for the same period specifically to build or rehabilitate childcare facilities within housing projects supported by the program. The funding directly supports local housing authorities in developing and maintaining affordable housing with integrated childcare services.